EDF is first big supplier to drop gas prices
Thursday 12 January 2012
EDF Energy is to cut gas prices by 5 per cent from 7 February, the first major energy supplier to respond to a 10 per cent drop in underlying wholesale costs due to mild weather and declining economic activity.
So far, only two smaller suppliers, Co-operative Energy and Ovo Energy, have cut prices.
The "Big Six" energy suppliers increased tariffs last autumn, with EDF raising gas prices by 15.4 per cent in November, as wholesale prices jumped, helping to push inflation to a three-year high. "Centrica and SSE will have to follow suit (because) gas prices have fallen considerably," Dominic Nash, at Liberum Capital, said.
- 1 Tidal launch: The most pretentious lines from Alicia Keys' valedictory speech
- 2 Trevor Noah: Jon Stewart's replacement faces online criticism over 'anti-Semitic' tweets
- 3 I might be an MP, but that doesn't stop me fighting sexism with my breasts
- 4 Martha Stewart accuses Snoop Dogg of 'smoking for four hours' during Justin Bieber Roast
- 5 Gamers confess the worst things they've done in The Sims
Prince Charles ‘burns 1.3 tons of carbon’ in private helicopter after urging public to turn off lights for Earth Hour
Martha Stewart accuses Snoop Dogg of 'smoking for four hours' during Justin Bieber Roast
April Fools' Day 2015 live: The best pranks and fake stories from around the world
University of Cambridge: Remains of 1,300 scholars are found under building
Jeremy Clarkson 'could be given minder' ahead of a potential Top Gear return
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
iJobs Money & Business
£20000 per annum + commission: SThree: Sthree have an exciting opportunity for...
£18000 - £32000 per annum: Recruitment Genius: A Telesales Executive is requir...
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...